Julie A. Monaco
Monumental Achievement: Julie Monaco’s financial acumen and robust leadership have been recognized by Forbes and Fortune, which have named her to their lists of the most powerful women in finance. As the global head of public sector coverage at Citi, Monaco oversees a team that provides a portfolio of financial services for state-run enterprises in 160 countries. An active member of the Citi Women’s Network and Citi’s banking, capital markets and advisory’s diversity committee, she is an advocate for workplace equity and inclusion and mentors younger women in finance. Monaco has been named to American Banker’s list of “25 Most Powerful Women in Banking and Finance” eight times. She has also been recognized by Treasury & Risk magazine as one of the “100 Most Influential People in Finance” and has been honored by the YWCA-New York City Academy of Women Leaders for her professionalism and community service.
"My Elliott School education is why I have succeeded in a career in global banking. My international affairs degree gave me the foundation of understanding and instilled a passion to continue to explore and learn about all the political and economic challenges my clients in 150+ countries face every day. Throughout my career, I had fantastic mentors and teachers, both men and women, who helped me grow and contribute in a way that would not be possible without them."
Julie Monaco is the global head of Citi’s public sector group in the banking, capital markets and advisory division of Citi’s institutional clients group. She leads the banking coverage team in 98 countries that is responsible for providing a full range of financial services (transaction banking, capital markets, advisory, sales and trading) to public sector entities in 160 countries. These clients include central banks, central government agencies, state and local governments, supranationals, development banks, non-government organizations and academic institutions. Monaco has the additional responsibility for managing the team within banking responsible for ensuring banking is executing against its KYC/AML (Know Your Customer/Anti-Money Laundering) responsibilities and that Citi is improving processes and technology to support the bankers’ ability to fulfill their obligation.
In her previous role as head of Citi’s Transaction Services (CTS) business in North America, she led a team responsible for cash management, trade finance, and securities and funds servicing business for multinational corporations, financial institutions and public sector clients in the U.S. and Canada.
Monaco was named, in 2020, to the American Banker’s list of “25 Most Powerful Women in Banking and Finance” for the eleventh year. She was also recognized by Crain’s “Notable Women in Banking and Finance” for 2019. Treasury & Risk magazine named Monaco as one of the “100 Most Influential People in Finance” in 2010, and she was honored by the YWCA-New York City Academy of Women Leaders for her professionalism and community service.
Monaco serves on the banking, capital markets and advisory’s diversity committee, Citi women’s senior steering committee and leads the committee’s efforts on driving economic progress through gender equality. She is a member of the board of trustees for the China Institute, a member of the board of the Business Council for International Understanding, on the board of the American Indonesian Chamber of Commerce and the board of Astana International Financial Centre in Kazakhstan. Monaco has served as chairman of the board of directors for Junior Achievement USA, on the board of trustees of Prep for Prep, and as deputy chair of the advisory board at the Elliott School of International Affairs at the George Washington University. Monaco is also a member of the Council on Foreign Relations.
Monaco received the 2018 Gender CEO Award from Multilateral Investment Guarantee Agency, a member of the World Bank Group, for promoting the advancement of women and contributing to the World Bank Group’s goals. She has also served as the co-chair for the World Bank’s Global Infrastructure Facility. Monaco is recognized both within Citi and in the industry, on anti-corruption and compliance issues. She was instrumental in Citi becoming the first financial institution invited to join the World Economic Forum’s Partnership Against Corruption Initiative (PACI). As a result of her leadership, PACI launched the next generation of Citi’s Tech for Integrity platform to continue its mission to promote integrity and transparency and create more stable economies around the world.
She has 35 years of experience in the financial services industry, always in leadership roles managing the profit and loss of global businesses. Prior to joining Citi in 2007, she spent six years at JPMorgan Chase in leadership roles in its cash, trade finance, cards and transaction services-related FX businesses. Monaco also held senior positions at Deutsche Bank and Bankers Trust in cash management and trade finance. She holds an M.B.A. in finance from New York University and a B.A. in international affairs from the George Washington University.